Indian health and wellness startups forge ahead with hiring despite funding challenges
Health and wellness startups in India, including MediBuddy, 1to1help, BeatO, Lissun, and Onsurity, are actively hiring across various roles despite the ongoing funding challenges. These companies are expanding their teams in product, technology, data science, counselling, compliance, certification, design, and customer training. Key Points
Economic TimesRecalled WanaBana puree still on Dollar Tree shelves - US FDA
The WanaBana Apple Cinnamon Puree, a product potentially contaminated with lead, was still being sold at Dollar Tree (DLTR.O) stores despite a recall that began last month, the U.S. Food and Drug Administration (FDA) said on Wednesday. Key Points
ReutersAbbott to cease sale of infant probiotic products after FDA warning
Abbott Laboratories (ABT.N) will stop sales of its Similac Probiotic Tri-Blend product used for hospitalized preterm infants after the U.S. Food and Drug Administration issued a warning letter, the health regulator said on Thursday. Key Points
ReutersHDFC Pension’s Sriram Iyer on 4 key benefits of NPS as a retirement investment product
The National Pension Scheme (NPS) is a low-cost, actively managed retirement product with tax advantages, flexibility, and long-term investment benefits. According to CEO of HDFC Pension Management, Sriram Iyer, the fully loaded cost of NPS is between 3 bps and 9 bps per annum, compared to other actively managed funds which typically charge between 1% and 2%. Additionally, the government offers attractive tax benefits for investing in NPS. Key Points
Economic TimesGovernment e-Marketplace: Step-by-step process to list products or services on public procurement portal GeM
List Products on Government e-Marketplace: GeM has nearly 32 lakh products and 2.53 lakh services available for procurement. Key Points
Financialexpress
Royal Enfield looking to roll out uniquely differentiated electric bikes: CEO
Royal Enfield is developing ‘uniquely differentiated electric motorcycles’ and has already started investing towards product development and creating a supplier ecosystem around its Chennai-based plant, according to CEO B. Govindarajan. Key Points
The HinduWhy you should be interested in product Management and where you can learn it
As society increasingly becomes more reliant on technology, product management has become a highly sought-after career path. Businesses are looking for individuals who can offer a well-rounded perspective on a product and make it as successful as possible. to excel in product management, one needs a technical understanding, strong stakeholder management skills, a customer-focused approach, and data-driven decision-making capabilities.To help you build these skills the Indian School of Business (ISB) offers a product Management Course Key Points
Economic TimesContaminated syrups manufactured in India reported in WHO’s Western Pacific region
It added that the stated manufacturer of the affected product is QP Pharmachem Limited of Punjab, India. The stated marketer of the product is Trillium Pharma of Haryana, India. Key Points
The HinduWant 100% flexibility in shifting between debt & equity? Sandeep Tandon has an answer
Quant Mutual Fund has launched a Dynamic Asset Allocation Fund that provides 100% flexibility in shifting between debt and equity. The company aims to target a new investor audience, such as people who invest in FDs but are reluctant to take risks. They believe the new fund can generate extra alpha over FD returns and offer a similar low-volatility product with better taxation. The fund can be used as a debt tax savings product, while Sebi also allows exiting 100% from equity or participating in 100% debt. The fund aims to generate alpha opportunistically when extreme or special situations arise. Key Points
Economic TimesIndia Inc warms up to the idea of product recalls as pharma, auto industries lead the charge
In FY23, 30 companies undertook voluntary product recalls, while 16 were forced to recall their products, shows data sourced from Prime Database. product recall information forms part of the business responsibility and sustainability reporting (BRSR) framework that is mandatory disclosure for the top 1,000 listed companies from FY23. Since many companies have not disclosed data for FY22, a YoY comparison is not tenable. Key Points
Economic Times
Startup Mantra: Simplifying tech recruitment process
Akash Bhadange and Yogini Bende founded Peerlist, a professional network with verified work profiles, to address problems faced by companies when hiring, such as inefficiencies and incorrect information in resumes. Peerlist also aims to make it easier for candidates to showcase their work profiles and for recruiters to discover and interpret them. The company recently raised ?9 crore ($1.2 million) in funding and plans to monetize with company profiles and job listings, as well as showcase the best five profiles or users with the help of artificial intelligence. A mobile app is also in the works. Key Points
Hindustan TimesClubbing art and intelligence, Avantika Agarwal makes a mark in product design
With newer technologies and artificial intelligence, product designing is set to take a new leap. Avantika Agarwal is excited to embark on this new journey. Key Points
Hindustan TimesCitigroup plans new credit card for use with multiple retailers
The new card, known as Citi Pay Credit, comes from retail-services unit of Citigroup and will be digital only..Citigroup is lining up retail partners for the card and plans to add an installment-loan product for merchants in the program as well Key Points
mintWhat exactly is an annuity plan? Naval Goel explains
It is a very simple product usually used for retirements. What happens in annuities, you pay a certain amount to the insurance companies and they in turn promise to pay you a monthly or an annual income or a quarterly income. Key Points
Economic TimesDhoni, Virat Kohli, Shraddha Kapoor called out for ad rule breach: Should celebs alone face flak?
Advertising Standards Council of India has reported an 803% increase in complaints against these celebrities compared to the previous year. We discuss who should be held responsible. | Bollywood Key Points
Hindustan Times
Allied Blenders and Distillers shares list at 14% premium over issue price
Allied Blenders, post IPO debut, saw a 14% premium. The company holds 8% IMFL market share in India. Revenue grew by 9% and profit after tax by 50%. Facing financial volatility, it expanded the product portfolio with a strong brand presence. Key Points
Economic TimesJust coming to our own in India; confident of growing our US business in next fiscal year: Lupin managemen
Lupin's margin guidance remains around 19.5-20.5%. The company attributes its success to the pivot to complex products, cost-led initiatives, and positive factors like input cost tailwinds. However, there are potential negatives such as disruptions and freight costs that need to be considered. Lupin is just coming to its own in India and would want to replicate this growth. Key Points
Economic TimesTradeStation to pay $3 million to settle charges from SEC, states over unregistered crypto product
(Reuters) - Cryptocurrency platform TradeStation Crypto will pay $3 million to settle charges from the U.S. securities regulator and multiple states that it offered and sold unregistered securities Key Points
ThePrintSectoral tailwinds and stronger balance sheets: 5 largecap stocks with right mix of two important ratios
There are some sectors where large players have an edge, because the nature of the business is such that there are phases where ability to stay in the game and cash on the balance sheet matter most. When the tide turns in favor of that sector, these large companies are able to make most of it. One sector which has gone through a phase of realignment of business and readjustment of valuations for many years and has once again come in limelight is the pharma space. Right from ability to deal with USFDA, not rely just on product segment to how to deal with uncertainty of supply chain which is dependent on China, Indian pharma companies have come a long way. Key Points
Economic TimesFlipkart Big Billion Sale 2023: Explore more than 30% off on the top brand laptops
The Flipkart Big Billion Sale 2023: Grab the best deals on the top brand laptops before the sale ends. Check out the best products here. Key Points
mint
More India-made cough & cold syrups under WHO lens
To date this situation has impacted more than 20 products with two countries of origin (India & Indonesia) and more than 15 different manufacturers, WHO spokesperson Margaret Harris told ET. All the products are syrup-based such as paracetamol, cough, and vitamins. WHO added that though the investigations in the impacted countries are ongoing, a link has not yet been established. Key Points
Economic TimesThe Bournvita controversy and the debate over food labels | In Focus podcast
Social media was abuzz recently with a controversy over questions raised by a social media influencer on health benefits of Bournvita. This sparked a discussion around all of the processed and packaged foods that are now widely available and consumed in the country. Key Points
The HinduBaidu cancels planned product launch of its ChatGPT-rival
Baidu is Chinese search engine giant. It has scheduled an event to publicy launch its ChatGPT rival. Key Points
mintIndia's growth slowed to 4.4% in Oct-Dec, says govt data
India's October-December gross domestic product (GDP) was below Reuters forecast of 4.6%. Key Points
Hindustan Times10 best price pen drives for mobile phones to buy: Buyer's guide
This article talks about the best pen drives for mobile phones, available in the market, for quick and simple decision-making. The consolidated list of top features will let you select the product of your choice. Key Points
Hindustan Times
Mastering the Market: Navigating the Critical Choice Between product and Factor Markets for Business Success
Unlock the secrets to business success by exploring the critical differences between product and factor markets. Learn strategic insights, case studies, and tips to make informed decisions for sustained growth and competitive advantage. Key Points
mintDry August pinches consumers’ pockets, smaller packs pip larger packs’ growth
The downtrading phenomenon, where consumers switch to purchasing smaller product sizes due to financial difficulties or rising prices, has intensified in the fast-moving consumer goods (FMCG) sector. Data from retail intelligence platform Bizom shows that smaller product sizes have experienced more rapid growth compared to medium or high-priced alternatives across most FMCG categories. Key Points
Economic TimesCough syrup suspected of killing 12 kids in Cameroon might be Made in India
Cameroonian officials suspect a cough syrup is the cause of a dozen childrens deaths and it appears to have been manufactured in India. An investigation showed that a manufacturing license number on a Naturcold medication box matches that of Indian-based Riemann Labs. Riemann does not believe it created the tainted medicine and suggests the possible issue could be counterfeiting. Two other Indian firms were suspected of manufacturing similarly contaminated syrups found in Liberia and the Marshall Islands, although there were no reported injuries. Key Points
Economic TimesLahore to Delhi—Simco hair fixer became an everyman product for Sikhs. Gurdwara helped too
From its small production centre in Chandni Chowk, Simco shifted to a larger unit in Naraina industrial belt and then to Himachal & Rajasthan. The sales have only increased. Key Points
ThePrintAquaconnect raises $4 million in pre-Series B
India Business News: Aquaconnect, a full-stack aquaculture platform with embedded fintech capabilities, has raised $4 million in pre-Series B funding round led by S2G Ventures. The company plans to use the capital to scale its operations and expand its coverage in major aquaculture production states in India. Aquaconnect leverages satellite remote sensing and artificial intelligence to improve efficiency in the fish and shrimp farming industry. The funding will also help Aquaconnect double its 'Aqua Partners' network and enhance its product portfolio with farmer-focused innovations and formal credit services. Key Points
Times Of India
Q3 is definitely looking better for Bajaj Electricals: Anuj Poddar
“In the current quarter, we have had a contraction in general trade. A lot of that is led by weakness in the rural markets. But if we look at all our alternate channels, whether it is e-commerce, modern trade, institutional sales, they have all seen extremely healthy double digit growth for us, which is why again, I am confident. Key Points
Economic TimesRallis shares rally as Tata Chemicals picks up additional stake, but prospects bleak
Rallis shares have dropped nearly 9% in 2023 so far. Analysts have highlighted ongoing structural issues, including a genericized product portfolio and heavy reliance on China for raw materials. Key Points
mintAmazon India introduces product customisation feature ahead of July 15 Prime Day sale
Customisation of products will not cost users anything extra. Amazon Basic products are not covered for customisation, yet. Key Points
India Today10 Quotes by Brian Chesky on Entrepreneurship and Innovation
Brian Joseph Chesky is an American businessman and industrial designer. He is the co-founder and CEO of the peer-to-peer lodging service Airbnb. Key Points
Times of IndiaApple set for record high ahead of mixed-reality headset launch
Apple Inc. is on pace to close at a record high ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks. Key Points
mint
10 Bold Quotes by Elon Musk on Entrepreneurship and Technology
Elon Musk is an American business tycoon, engineer, and inventor. He is the co-founder and CEO of SpaceX, product architect and CEO of Tesla, Inc., and chairman of Neuralink. Key Points
Times of IndiaEris buys nine derma brands from Dr Reddy’s for Rs 275 crore
The transaction helps augment and expand the cosmetic dermatology business of Eris Lifesciences by way of expansion in the product offerings, it said. The transaction is likely to be completed before March 31, 2023. Key Points
FinancialexpressShould NPS investors opt for active choice or auto choice? HDFC Pension’s Sriram Iyer explains
The National Pension Scheme (NPS) offers two options for investors to manage their asset allocation – active and auto choice. Under the active option, investors have the freedom to actively manage their asset allocation, while auto choice is designed for investors who want to adopt a “set it and forget it” strategy. Three types of auto choice options are available - moderate, conservative and aggressive. Key Points
Economic TimesBest Zebronics speakers for every home: Top 6 options to consider
Best Zebronics speakers: Are you looking for top quality speakers to use? Consider our list of 6 options of Zebronics speakers to consider buying for your needs. You are sure to be happy and satisfied. Key Points
mintRussia crude in tank, India steps up petroleum product exports to EU as region shuns Moscow
India’s petroleum product exports to EU countries rose 20.4 per cent year-on-year in April-January to 11.6 million tonnes, with the region climbing two spots from the corresponding period of the previous fiscal to top the table of 20 regions importing refined products from India. Key Points
The Indian Express
Maruti Suzuki Q1 preview: Profit may rise 2x YoY on strong sales, margin show
The automaker is seen reporting a 143% YoY rise in net profit to Rs 2,460, according to the average of estimates given by 12 brokerages. Net sales is seen growing nearly 20% YoY to Rs 31,730 crore. Sequentially, the bottomline is likely to decline 6.2% and revenue may drop by about 1% Key Points
Economic TimesNow people are reposing faith in LIC and we expect this to continue: Siddhartha Mohanty
LIC has enabling provisions to invest in banks like HDFC Bank. Their equity investment is about 20-25% of total AUM, and they have a balanced approach to ensure sustainability. LIC is monitoring the market and taking a mixed strategy. Non par products are giving good returns and are getting traction in the market. Key Points
Economic TimesAmazon Sale 2023: Up to 75% off on vacuum-insulated, rust resistance bottles
Amazon Sale 2023: Explore an all-inclusive list of 10 exceptional insulated bottles and flasks with their features and specifications. You may also find pros and cons of each product listed along with it. Key Points
mintTata Motors Q3 results today: 5 key things that Dalal Street needs to know
Tata Motors Q3 results today: Tata Motors is set to release its Q4 earnings, and expectations are high. Strong demand for passenger and commercial vehicles in India, as well as growth in JLR volumes, are expected to drive double-digit earnings growth. Investors will also focus on the outlook for Indian and international markets, as well as JLR's guidance for margin growth and free cash flow generation. Key Points
Economic TimesBharatPe hires Rohan Khara as chief product officer
BharatPe Group appoints Rohan Khara as chief product officer. Khara will lead product development and innovation, design merchant and consumer products, and head user research teams. He was previously managing director at FairMoney India. Khara has experience building financial services products across fintech startups in India, Indonesia, and Nigeria. Key Points
Economic Times
SIP starting at Rs 250 is about financial inclusion, not money: Dhirendra Kumar
“The talk is that since KYC compliance is done by one financial entity, you do not need to go through it time and again. This could be another game changer because for Rs 250 SIP, if you have a bank account, then you do not need to do your KYC. Just provide your bank account and you are good to go. So, getting started becomes easy. I think it is badly needed.” Key Points
Economic TimesMaruti Suzuki Q4 preview: Volumes, higher selling prices to drive double-digit revenue growth
We expect revenue to grow by 12% QoQ led by higher sales and higher ASP QoQ led by a price hike of 1.1% taken in mid January 23, Axis Securities said. Key Points
Economic Times